TowneBank Dividend history 21 years & forecast 2024 to 2025
Dividend analysis of the TowneBank share
| Current dividend yield | 7.74 % |
| Dividendenrendite 5 Jahre | 5.7 % |
| Dividend yield 10 years | 2.55 % |
| Payout 3 years | 5.55 % |
When does TowneBank pay a dividend?
The TowneBank share dividend is distributed 4 times a year. In order to receive a dividend, you should generally own the TowneBank share before the ex-dividend date. The dividend calendar shows that the last ex-day dates were March, June, September and December . Dividends from TowneBank are distributed via January, April, July and October.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Financial year | Dividend per share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.25
$0.25
|
Jun 28 2024
Jun 28 2024
Jul 12 2024
Jun 28 24
Jul 12 24 |
Jul 12 2024 |
quarterly
quarterly
|
| 2024 |
$0.25
$0.25
|
Mar 27 2024
Mar 27 2024
Apr 12 2024
Mar 27 24
Apr 12 24 |
Apr 12 2024 |
quarterly
quarterly
|
| 2023 |
$0.25
$0.25
|
Dec 28 2023
Dec 28 2023
Jan 12 2024
Dec 28 23
Jan 12 24 |
Jan 12 2024 |
quarterly
quarterly
|
| 2023 |
$0.25
$0.25
|
Sep 28 2023
Sep 28 2023
Oct 13 2023
Sep 28 23
Oct 13 23 |
Oct 13 2023 |
quarterly
quarterly
|
| 2023 |
$0.25
$0.25
|
Jun 29 2023
Jun 29 2023
Jul 14 2023
Jun 29 23
Jul 14 23 |
Jul 14 2023 |
quarterly
quarterly
|
| 2023 |
$0.23
$0.23
|
Mar 29 2023
Mar 29 2023
Apr 12 2023
Mar 29 23
Apr 12 23 |
Apr 12 2023 |
quarterly
quarterly
|
| 2022 |
$0.23
$0.23
|
Dec 29 2022
Dec 29 2022
Jan 12 2023
Dec 29 22
Jan 12 23 |
Jan 12 2023 |
quarterly
quarterly
|
| 2022 |
$0.23
$0.23
|
Sep 29 2022
Sep 29 2022
Oct 14 2022
Sep 29 22
Oct 14 22 |
Oct 14 2022 |
quarterly
quarterly
|
| 2022 |
$0.23
$0.23
|
Jun 29 2022
Jun 29 2022
Jul 12 2022
Jun 29 22
Jul 12 22 |
Jul 12 2022 |
quarterly
quarterly
|
| 2022 |
$0.2
$0.2
|
Mar 29 2022
Mar 29 2022
Apr 08 2022
Mar 29 22
Apr 08 22 |
Apr 08 2022 |
quarterly
quarterly
|
How much dividend does TowneBank pay?
TowneBank most recently paid a dividend of $0.25. TowneBank paid a dividend of $0.98 per share in the financial year 2023. With a share price of $27.27 at Jun 28 2024, the current dividend yield is 3.59% (calculation: $0.98 / $27.27 = 3.59%). No special dividend was paid.
What is the TowneBank dividend yield and payout ratio?
The average TowneBank dividend yield over the last 5 years is 3.05% and the average over the last 10 years is 2.65%.
The payout ratio of TowneBank in relation to the last financial year is 47.57%. The payout ratio smoothed over 3 years is 34.73%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Key figure | TowneBank |
|---|---|
| Current dividend yield | 3.59% |
| Dividend yield 5 yrs. | 3.05% |
| Dividend yield 10 yrs. | 2.65% |
| Payout 1 yr. | 47.57% |
| Payout 3 yrs. | 34.73% |
Is the TowneBank dividend safe? Continuity & dividend growth
Is the TowneBank dividend safe?
TowneBank has been paying a dividend for 21 years and has not lowered the dividend for 17 years (dividend continuity). As a result, the dividend was recently increased12-times.
The dividend growth in relation to the previous financial year amounts to 10.11%. The average TowneBank dividend growth over the last 5 years is 9.59%. The average for the last 10 years is 9.94%.
| Key figure | TowneBank |
|---|---|
| Increased | 12 Years |
| Continuity | 17 Years |
| Paid | 21 Years |
| Growth 1 yr. | 10.11% |
| Growth 5 yrs. | 9.59% |
| Growth 10 yrs. | 9.94% |
Continuity
TowneBank has been paying a dividend for 21 years and has not lowered the dividend for 17 years (dividend continuity). As a result, the dividend was recently increased12-times.
Dividend growth
The dividend growth in relation to the previous financial year amounts to 10.11%. The average TowneBank dividend growth over the last 5 years is 9.59%. The average for the last 10 years is 9.94%.
TowneBank Share forecast 2024
On the stock exchange, the TowneBank share (ISIN: US89214P1093) is traded at June 2024 as a top scorer according to the dividend strategy.
The share price of TowneBank -8.37% has fallen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the TowneBank share price in real time at the top of the page.
The TowneBank share (symbol: TOWN) is valued at a price/earnings ratio (P/E ratio) of 13.59 and a price/sales ratio (P/S ratio) of 2.06 valued. Based on analyst estimates, the TowneBank share forecast 2024 of the current financial year corresponds to a valuation of 13.53 according to P/E ratio and 2.84 according to P/S ratioe.
| Key figure | TowneBank |
|---|---|
| Dividend score | ??/15 |
| Performance 2024 |
8.37%
|
| P/E ratio TTM | 13.59 |
| P/S ratio TTM | 2.06 |
| P/E ratio expected | 13.53 |
| P/S ratio expected | 2.84 |
The TowneBank share (symbol: TOWN) is valued at a price/earnings ratio (P/E ratio) of 13.59 and a price/sales ratio (P/S ratio) of 2.06 valued. Based on analyst estimates, the TowneBank share forecast 2024 of the current financial year corresponds to a valuation of 13.53 according to P/E ratio and 2.84 according to P/S ratioe.
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